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C canvas.umw.edu/courses/1401149/quizzes/2433446/take Gmail YouTube Maps News Practice Dashboard.. Account Details - N... Primo by Ex Libris -... Question 6 - Chapt... Question 10 Limited liability
C canvas.umw.edu/courses/1401149/quizzes/2433446/take Gmail YouTube Maps News Practice Dashboard.. Account Details - N... Primo by Ex Libris -... Question 6 - Chapt... Question 10 Limited liability is a key feature for the sole proprietor business format. O True O FalseO False Question 14 A corporation generally enjoys limited liability which distinguishes it from a sole proprietorship form of business. O True O False 48 Sunny Q Search ENGYouTube Maps News Practice Dashboard... Account Details - N... Primo by Ex Libris -... Question 6 - Chapt... Question 22 1 pts Benji and Talia are partners in a business. They have an agreement that they will share losses 60-40 (Benji assumes 60% of the losses, and Talia assumes 40% of the losses). Benji puts in 1 million dollars into the business, and Talia contributes 2 million dollars. Unfortunately, they did not get insurance, and an earthquake destroys their manufacturing plant, and seriously injures several customers. They are sued for 3 million dollars total. The jury renders a verdict against them jointly and severally for 3 million dollars. The victims may sue Benji for the whole amount. O Benji has to pay 1.5 million dollars to the victims, and Talia has to pay 1.5 million dollars to the victims. O The victim may only sue Talia for 40% because of the agreement between Benji and Talia. The victim may only sue Benji for 60% because of the agreement between Benji and Talia
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